Sony Chief Executive Kazuo Hirai to Tip Down

Sony’s president Kazuo Hirai is tipping down as well as handing the reins over to fund primary Kenichiro Yoshida.

Mr Yoshida, Sony’s primary financial policeman, is to take over control of the Japanese electronic devices huge from 1 April.

Mr Hirai will remain at Sony as chairman.

Mr Yoshida and Mr Hirai have been instrumental then Sony around to concentrate on smartphone photo sensors.

Under their initiatives, the Japanese digital titan liquidated its having a hard time PC company, sold its tv business, as well as launched the effective PlayStation 4 video game console, which has offered more than 60 million systems to this day.

Sony stated its earnings quadrupled in the 3 months to December.

The Japanese electronic devices titan reported a record earnings of 351 billion yen ($ 3.2 bn, ₤ 2.5 bn) for the quarter, compared to 92.4 billion yen in the same period the year prior to.

“As the company approaches a crucial juncture, when we will embark on a new mid-range plan, I consider this to be the ideal time to pass the baton of leadership to new management, for the future of Sony and also for myself to embark on a new chapter in my life,” said Mr Hirai in a statement.

Mr Yoshida said he intended to build on the management structure produced under Mr Hirai’s management to “improve Sony’s competitiveness as a global company”.